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Yes, you should change the locks as soon as you can after completing the purchase of a house. This is a matter of privacy and security, as you have no idea how many copies of the keys the previous owner made. You can change the locks yourself or hire a pro to replace or rekey the lock, which costs $50 to $100.

The cost-effectiveness of fixing or replacing a door lock depends on the severity of the issue. Repairing a minor problem, such as loose screws or a need for lubrication, is usually cheaper than replacing the entire lock. However, replacing the lock if it is severely damaged, outdated, or lacks security features may be a better long-term investment. New locks often have improved security features, enhancing your property's safety.

Expect to pay between $50 to $200 if you hire a locksmith to change your locks. That figure includes labor and the cost of basic hardware. The cost will naturally be higher if you plan to install more expensive locks, like smart locks, and if you need a lot of them.

Homeowners can save money by replacing locks themselves. A typical rekeying kit costs about $10 to $25. The only additional cost is purchasing new house keys, and those are no more than a few dollars per key. If you want to replace the locks on your own completely, the main cost is the price of the locks themselves. A standard knob-style lock starts around $25, while electronic locks and smart locks will run in the hundreds of dollars. The only additional tools you should need are a tape measure, screwdriver, and screws if they are not already provided.

Changing door locks is a task that most homeowners can accomplish on their own. Standard door knobs are quite straightforward, and even more advanced locks, like electronic or smart locks, generally come with instructions. That said, the process can be time-consuming, especially if you plan to replace multiple locks around the house. It’s also a task that you want to complete correctly, considering that it affects the security of your house. That’s why hiring a pro is often best when changing your door locks.